by Fresh Start Tax | Dec 27, 2012 | Tax Levy and Wage Garnishments
IRS Notice Of Levy on Wages, Salary – Wage Levy Tax Relief Today
If the IRS has sent you or your employer a 688W you wages will continue to be levied until your wage levy garnishment is released.
We are comprised of Attorneys, CPA’s, Enrolled Agents and Former IRS agents and managers who know the system and can get you tax relief from a notice of a Wage Levy.
Call for a free tax consultation and speak directly to a tax professional.
How Wage Tax Levies and Garnishments are removed.
IRS will require a number of things to get your wage tax levy removed or released.
A IRS Agent will be assigned the case wither in the local office or in ASC. If you look at your letter it will let you know where your case is being worked.
IRS will ask for a 433A or a 433F depending who has control of the case.
Both of these forms are IRS financial statements.
IRS will require those financial statements be fully documented and the IRS will want to see proof via fax.
IRS will be looking at Income and Expenses.
IRS will then apply your expenses against the National and Regional Standards. IRS will analyze the information and then make a decision to put your case in one of three categories.
IRS will either put your case in:
1. a IRS tax hardship,
2. make a payment agreement or,
3. recommend the filing of a offer in compromise.
You must also have all tax returns file and up to date.
It is of critical importance you have a tax professional qualify your case before submitting the financial statement to the IRS so you can the best possible settlement structure.
You may not be FIRED from your job. If you are you should sue!
Employer Threatens to Fire Taxpayer Because of a Levy
Sometimes an employer threatens to fire an employee to avoid handling a wage levy.
This can be a violation of 15 USC 1674.
If the employer fires the taxpayer because of this, the employer might be fined not more than $1000 or imprisoned for not more than one year, or both.
Who you refer the case to:
You may refer the taxpayer to the Wage and Hour Division of the Department of Labor.
DOL, not IRS, must decide if the employer violated the law.
How a continuous effect of levy on salary and wages
Unlike other IRS tax levies, a levy on a taxpayer’s wages and salary has a continuous effect. Yes, it never stops.
It attaches to future payments, until the wage or salary levy is released.
Wages and salary include:
1. fees,
2. bonuses,
3. commissions,
4. and similar items.
All other levies only attach to property and rights to property that exist when the levy is served.
If a bank account is levied, it only reaches money in the account when the levy is served. It does not reach money deposited later.
Exempt Amount from a Wage or Salary Levy
Part of the individual taxpayer’s wages, salary, including fees, bonuses, commissions and similar items and other income, as well as retirement and benefit income, is exempt from levy.
The weekly exempt amount is:
a. The total of the taxpayer’s standard deduction and the amount deductible for exemptions on an income tax return for the year the levy is served.
b. Then, this total is divided by 52.
Income that is not paid weekly is prorated, so the same amount is exempt.
Important Note:
The amount the taxpayer needs to pay court ordered child support is exempt.
The support order can originate from a court or administrative process under the laws and procedures of a state, territory or possession.
Reminder:
If support is allowed, the same child can not be claimed as an exemption for figuring the exempt amount.
Call us today to get fast and affordable tax relief from a Wage or Salary Levy. 1-866-700-1040.
IRS Notice Of Levy on Wages, Salary – Wage Levy Tax Relief Today
by Fresh Start Tax | Nov 6, 2012 | California Tax, IRS Representation, IRS Tax Problem, Representation, Tax Levy and Wage Garnishments, Tax Relief
IRS Bank Tax Levy, Wage Levy Garnishment – Tax Debt Resolution
We can get you immediate and permanent tax relief from your IRS Bank Levy or Wage Garnishment and settle your case all at one time. Get Tax Debt Resolution from true tax professionals. Do not be scammed.
We are A plus rated by the Better Business Bureau.
Fresh Start Tax LLC 1901 Newport Boulevard
Suite 350
Costa Mesa, CA 92627
866-700-1040
We have over 206 years of professional tax experience and over 60 years with the IRS in the local, district and regional offices of the IRS.
We can get results for Tax Debt Resolution within 48 hours so stop the worry now.
We have worked over 15,000 cases since 1982. Fresh Start Tax L.L.C. is A plus rated by the BBB.
What is a Bank Tax Levy and Wage Tax Levy
A IRS tax levy is a legal seizure of your property to satisfy a tax debt.
Levies are different from liens. A lien is a claim used as security for the tax debt, while a levy actually takes the property to satisfy the tax debt.
A Bank Levy
A Bank Levy is a freeze on your bank account for 21 days. On the 22nd day if you did not resolve the issue with the IRS, the bank is obligated to forward the money to the IRS. Usually a tax firm can easily get the bank levy released.
A Wage Levy Garnishment
Unlike a bank account, a wage garnishment levy is a immediate seizure of your next paycheck and it will continue until to you call the IRS and get the wage levy released.You are allowed to keep about 10% of your paycheck while a wage levy garnishment is in place.
Releases or Removals
To get the Bank or Wage levy released IRS will want to make sure all your tax returns are filed and you have submitted a financial statement to the IRS.
The financial statement must be verified with documents to prove your income and expenses.
We at Fresh Start Tax LLC can usually get levies releases within days.
If you do not pay your taxes (or make arrangements to settle your debt), the IRS may seize and sell any type of real or personal property that you own or have an interest in.
For instance,
IRS can also seize and sell property that you hold such as your car, boat, or house, or
We could levy property that is yours but is held by someone else such as your wages, retirement accounts, dividends, bank accounts, licenses, rental income, accounts receivables, the cash loan value of your life insurance, or commissions.
IRS cannot levy until after three requirements are met:
1. The IRS assessed the tax and sent you a Notice and Demand for Payment;
2. You failed or neglected or refused to pay the tax and,
3. IRS sent you a Final Notice of Intent to Levy and Notice of Your Right to A Hearing (levy notice) at least 30 days before the levy.
IRS must give you this notice in person, leave it at your home or your usual place of business, or send it to your last known address by certified or registered mail, return receipt requested.
Note- if the IRS sends a levy your state tax refund, you may receive a Notice of Levy on Your State Tax Refund, Notice of Your Right to Hearing after the levy.
Legal- Method of Delivery
Federal Tax Regulation 301.6331-1(c) authorizes the IRS to provide depositories notices of levy by mail. However, the regulation does not preclude in-person delivery of a levy to a local branch or office by a revenue officer. Additionally, depositories may not designate a specific branch or location for service of hand-delivered levies.
No matter how a levy is received, by mail or hand delivered, depositories are expected to adhere to IRS guidelines by immediately processing the levy and freezing all affected accounts for the 21-day period required by Internal Revenue Code Section 6332(c).
A mailed levy becomes effective the date and time the notice of levy is delivered to the depository. A hand-delivered levy becomes effective the date and time the notice of levy is hand delivered in person by a revenue officer.
Call us today to get immediate tax results, 1-866-700-1040
IRS Bank Tax Levy, Wage Levy Garnishment – Tax Debt Resolution
by Fresh Start Tax | Jul 10, 2012 | Florida Sales Tax, Installment Agreements, IRS Tax Debt, IRS Tax Problem, Tax Help
Need Help with a Tax Debt – Former IRS Agents – Settlements, Negotiations, Immediate Tax Relief – Miami, Ft.Lauderdale, 954-492-0088
Who better to call than former IRS agents who worked out of the local IRS South Florida offices. we worked as agents, managers, instructors, and former IRS appellate agents.
We know all of the tax laws and settlement procedures if you need help with an IRS tax debt. We taught the policies to the new IRS agents as former IRS instructors.
Are you looking for immediate tax relief for “Help with a Tax Debt” ?
We are Former IRS Agents and Managers who worked out of the local South Florida IRS offices for over 60 years. We taught Tax Law at the IRS. We know the system.
We have worked in the collections, audit, and in the appeals functions with the local IRS.
We have a combined 205 years of professional tax experience.
If you retain us you will never speak to the IRS. Stop the worry about your tax debt today.
If you are currently experiencing a tax debt and need immediate tax help call us today for a no cost professional tax consult. 954-492-0088.
We can fully resolve your tax debt.
The IRS handles all tax debts the same way. There are usually 3 solutions to resolve your tax debt.
IRS will either resolve your case or tax debt with an:
1. Offer in Compromise or a filing of a tax debt settlement.
2. A payment or installment agreement,
3. Putting your case in currently non collectable or hardship.
IRS will determine the status of your case by reviewing your current financial statement which IRS will require.
You will need to fill out and complete IRS form 433A or 433 F with full documentation.
IRS will then discuss tax settlement for your situation or tax debt.
We can represent you before the IRS, settle and negotiate your case for the lowest amount allowed by federal law.
On cases that have current bank or wage levies we can get you immediate tax relief.
We will also file all back tax returns.
Call us today for a no cost consult. 954-492-0088
Need Help with a Tax Debt – Former IRS Agents – Settlements, Negotiations, Immediate Tax Relief – Miami, Ft.Lauderdale, West Palm
by Fresh Start Tax | Jun 1, 2012 | Back Taxes, Installment Agreements, IRS Payment Plans, IRS Tax Debt, IRS Tax Problem, Offer in Compromise, Tax Lawyer, Tax Levy and Wage Garnishments, Tax Settlements, Uncategorized
IRS, Tax Levy and Unfiled Tax Returns – How to get IRS off your back 1-866-700-1040
Have Former IRS Agents get your tax levy released and file all your back tax returns. We are tax experts. We are fast and affordable.
One of the largest concerns for taxpayers who have just received one of 3.8 million tax levies the IRS sends out a year is ” How do I get IRS off my back and my tax levy released?”
A good estimate is that there about 20 million taxpayers out there with unfiled tax returns and at some point the IRS just catches up. Tax levies are coming!
The IRS enforcement computer called CADE catches up to all taxpayers.
How to deal with the IRS and get them of your back.
IRS does not want to levy. They do not want to send out bank levies and wage levies or tax garnishments. We have a voluntary system of compliance. When taxpayers do not respond to IRS letters, notices and the filing of their tax returns, IRS has no choice but to let the computer system follow up with enforced compliance.
With that said, you can get the IRS off your back quite easily.
The easiest way of course is to hire a tax professional who knows there way around and through the system and can easily resolve the situation. A tax professional will handle the case in this fashion.
In regarding to past due, late, unfiled, back or delinquent tax returns.
The Internal Revenue Service will not usually release bank or wage garnishment levies until all tax returns are filed.
The levy serves as an enforcement tool to make sure IRS gets what IRS wants. IRS will hold their position on this issue and want all tax returns in their hands until it will release the bank or wage levy garnishments.
Waste no time, get tax returns prepared and filed immediately. The longer you wait the longer the bank or wage levy will usually stay in place.
We make sure the tax returns are sent to the agent handling the case so the tax returns do not get caught up in the system. IRS can lose track of the returns easily.
After all tax returns are sent to the IRS, the Service will want to review your current financial statement. The financial statement the 433A, 433F is the crucial element to the way your case will be closed by the IRS to end your tax problem. Tax relief will be coming soon, be patient.
IRS will expect a documented financial statement. After a review of the financial statement IRS will close your case in one of the following three ways:
1. IRS will put your case in hardship or currently uncollectible which means IRS has determined you have no money to pay them at the current time. Penalties and interest will continue to run and your case will works its way back to the computer system in a couple years. IRS notice and letters will start up somewhere down the road.
2. If you show and ability to pay the IRS back taxes, IRS will insist on the payment plan, installment plan or streamline agreement.
3. IRS will consider a Offer in Compromise or a tax debt settlement.
It is not wise for any taxpayer to file on Offer in Compromise on there own.
There is much involved and I should know. I am a former IRS Agent and teaching Instructor with the IRS. Offers in Compromise are complicated and there is much skill required to have a successful offer accepted.
In summary the keys to getting the IRS off your back:
1. Make sure all tax returns are filed and you are current on all withholding
2. Make sure you have a proper documented 433A, 433F so IRS can close your case,
3. Have a plan B.
We are staffed with former IRS Agents, CPA’s and Board Certified Tax Attorneys.
Call us today to end your tax problem, get immediate tax relief and get your life restored.
IRS, Tax Levy and Unfiled Tax Returns – How to get IRS off your back
by Fresh Start Tax | May 2, 2012 | IRS Notice or Letter, IRS Tax Problem, Tax Lawyer
If you have received a IRS Letter or Tax Notice here is what you need to know concerning the correspondence you have received from the Internal Revenue Service.
First of all never panic and if you need to speak to a former IRS Agents call Fresh Start Tax LLC 1-866-700-1040 and let true tax professionals help you through this situations.
Usually these problems are not as bad as you think.
The IRS sends millions and millions of letters and notices to taxpayers for a variety of reasons. Many of these letters and notices can be dealt with without having to call or visit an IRS office. Many times you can just send correspondence by mail back to the IRS to resolve the dispute.
What you need to know about IRS notices and letters:
1. There are a number of reasons why the IRS might send you a notices or letters. Tax Notices/Letters may request payment, notify you of account changes, or request additional information.
A notice always covers a very specific issue about your tax account or tax return. and always a specific tax year or tax period.
2. Each IRS letter or notice offers specific instructions on what action you need to take. Make sure you call back by the assigned follow up date on the letter.
3. If you receive a correction notice, you should review the correspondence and compare it with the information on your return. Make sure you have back up information to support your finding with the IRS.
4. If you agree with the correction to your account, then usually no reply is necessary unless a payment is due or the notice directs otherwise. Follow up and all correspondence and make sure the problem is fully resolved by the IRS.
5. If you do not agree with the correction the IRS made, it is important to respond as requested. You should send a written explanation of why you disagree and include any documents and information you want the IRS to consider along with the bottom tear-off portion of the notice.
You should mail the information to the IRS address shown in the upper left of the notice. Allow at least 30- 45 days for the IRS to response.
6. Most correspondence can be handled without calling or visiting an IRS office. However, if you have questions, call the telephone number in the upper right of the notice. Have a copy of your tax return and the correspondence available when you call to help the IRS respond to your inquiry.
7. It is important to keep copies of any correspondence with your records. You cannot email any information to the IRS.
One of the big mistake taxpayers tend to make is to assume the problem is fully resolved.
We at Fresh Start Tax LLC believe it is always best to call the IRS 60 days after you believe the situation should have been resolved and verify that with the IRS.
These matters will not go away until they are removed from the IRS CADE computer.
Remember, if you wind up owing the IRS money and the problem goes unresolved , the IRS will follow up with a Notice of Federal Tax Levy to banks and on wages.
IRS issues over 3.6 million bank levy ( levies ) and wage levy garnishments. The IRS also filed over 900,000 federal tax liens.
Should you need help call us now. On staff, Tax Attorneys and Former IRS Agents.
